Revenue: As of FY2025 Q4, the actual value is USD 329.89 M.EPS: As of FY2025 Q4, the actual value is USD 0.69, beating the estimate of USD 0.3467.EBIT: As of FY2025 Q4, the actual value is USD -59.39 M.<h4>Consolidated Financial Performance</h4><ul><li>Income Attributable to Common Stockholders: $41.6 million for the Fourth Quarter 2025, up from $35.5 million in Q4 2024. For the Full Year 2025, income was $165.6 million, up from $113.2 million in Full Year 2024 .</li><li>Provision for (Reversal of) Credit Losses: A $7.8 million provision was recorded in Q4 2025, compared to a reversal of - $2.5 million in Q3 2025 and a reversal of - $5.9 million in Q4 2024. This was primarily due to a build in the allowance related to specific reserves, higher net charge-offs, and changes in the U.S. economic outlook within the banking segment. The Full Year 2025 provision was $7.311 million, compared to $941 thousand in Full Year 2024 .</li><li>Noninterest Income: $217.4 million in Q4 2025, an 11.1% increase from $195.6 million in Q4 2024. Full Year 2025 noninterest income was $841.141 million, up from $770.956 million in Full Year 2024 .</li><li>Noninterest Expense: $268.9 million in Q4 2025, a 2.3% increase from $262.8 million in Q4 2024. Full Year 2025 noninterest expense was $1,053.473 million, up from $1,033.556 million in Full Year 2024 .</li><li>Income Before Income Taxes: $53.142 million in Q4 2025, up from $44.169 million in Q4 2024. Full Year 2025 income was $221.063 million, up from $154.257 million in Full Year 2024 .</li><li>Effective Tax Rate: 19.2% in Q4 2025, compared to 14.2% in Q4 2024. The lower rate in Q4 2025 was due to investments in tax-exempt instruments, state refund claims, and return to provision activity, partially offset by non-deductible expenses and compensation .</li><li>Return on Average Assets (Annualized): 1.09% in Q4 2025, compared to 0.92% in Q4 2024. Full Year 2025 return was 1.10%, up from 0.78% in Full Year 2024 .</li><li>Return on Average Stockholders’ Equity (Annualized): 7.60% in Q4 2025, compared to 6.50% in Q4 2024. Full Year 2025 return was 7.60%, up from 5.29% in Full Year 2024 .</li><li>Net Interest Margin: 3.02% in Q4 2025, down from 3.06% in Q3 2025. Full Year 2025 net interest margin was 2.98%, up from 2.81% in Full Year 2024 .</li><li>Book Value Per Common Share: $36.42 at December 31, 2025, up from $35.69 at September 30, 2025 .</li><li>Total Assets: $15.8 billion at December 31, 2025, up from $15.6 billion at September 30, 2025 .</li><li>Loans, Net of Allowance for Credit Losses: $7.9 billion at December 31, 2025, up from $7.8 billion at September 30, 2025 .</li><li>Loans Held for Sale: $950.1 million at December 31, 2025, an 11.9% increase from September 30, 2025 .</li><li>Non-accrual Loans: $53.4 million, or 0.58% of total loans, at December 31, 2025, down from $68.3 million, or 0.75% of total loans, at September 30, 2025 .</li><li>Total Deposits: $10.9 billion at December 31, 2025, up from $10.7 billion at September 30, 2025 .</li><li>Capital Levels (December 31, 2025): Tier 1 Leverage Ratio was 12.78%, and Common Equity Tier 1 Capital Ratio was 19.70% .</li><li>Shareholder Returns: Hilltop Holdings Inc.’s Board of Directors declared a quarterly cash dividend of $0.20 per common share on January 29, 2026, payable on February 27, 2026 . This represents an 11% increase from the prior quarter . A new stock repurchase program was authorized through January 2027, allowing for the repurchase of up to $125.0 million of outstanding common stock, funded from available cash balances . In Q4 2025, $60.8 million was used to repurchase 1,799,995 shares at an average price of $33.77 per share. For the Full Year 2025, $184.0 million was used to repurchase 5,705,205 shares at an average price of $32.26 per share. Total returns to stockholders in 2025 (dividends and repurchases) amounted to $231 million .</li></ul><h4>Segment Results</h4><h5>Banking Segment</h5><ul><li>Net Interest Income: Q4 2025 saw $99,737 thousand, up from $94,946 thousand in Q4 2024. Full Year 2025 net interest income was $382,052 thousand, up from $372,546 thousand in Full Year 2024 .</li><li>Provision for (Reversal of) Credit Losses: A $7,927 thousand provision was recorded in Q4 2025, compared to a reversal of - $5,665 thousand in Q4 2024. Full Year 2025 provision was $7,335 thousand, compared to $992 thousand in Full Year 2024 .</li><li>Noninterest Income: $12,355 thousand in Q4 2025, up from $11,411 thousand in Q4 2024. Full Year 2025 noninterest income was $46,058 thousand, up from $43,295 thousand in Full Year 2024 .</li><li>Noninterest Expense: $60,668 thousand in Q4 2025, down from $61,426 thousand in Q4 2024. Full Year 2025 noninterest expense was $227,601 thousand, down from $232,954 thousand in Full Year 2024 .</li><li>Income Before Taxes: $43,497 thousand in Q4 2025, down from $50,596 thousand in Q4 2024. Full Year 2025 income was $193,174 thousand, up from $181,895 thousand in Full Year 2024 .</li><li>Net Interest Margin: 3.29% in Q4 2025, up from 2.98% in Q4 2024. Full Year 2025 net interest margin was 3.16%, up from 3.04% in Full Year 2024 .</li><li>Return on Average Assets: Full Year 2025 return was 1.17%, up from 1.10% in Full Year 2024 .</li><li>Net Recoveries (Charge-offs): Full Year 2025 saw - $16,890 thousand in charge-offs, compared to - $11,238 thousand in charge-offs in Full Year 2024 .</li></ul><h5>Broker-Dealer Segment</h5><ul><li>Net Interest Income: Q4 2025 saw $12,892 thousand, up from $12,046 thousand in Q4 2024. Full Year 2025 net interest income was $50,272 thousand, up from $48,942 thousand in Full Year 2024 .</li><li>Provision for (Reversal of) Credit Losses: A - $103 thousand reversal was recorded in Q4 2025, compared to a - $187 thousand reversal in Q4 2024. Full Year 2025 reversal was - $24 thousand, compared to - $51 thousand reversal in Full Year 2024 .</li><li>Noninterest Income: $125,482 thousand in Q4 2025, up from $114,321 thousand in Q4 2024. Full Year 2025 noninterest income was $450,754 thousand, up from $422,801 thousand in Full Year 2024 .</li><li>Noninterest Expense: $112,974 thousand in Q4 2025, up from $106,181 thousand in Q4 2024. Full Year 2025 noninterest expense was $433,463 thousand, up from $408,283 thousand in Full Year 2024 .</li><li>Income Before Taxes: $25,503 thousand in Q4 2025, up from $20,373 thousand in Q4 2024. Full Year 2025 income was $67,587 thousand, up from $63,511 thousand in Full Year 2024 .</li><li>Net Revenue: Full Year 2025 net revenue was $501,026 thousand, up from $471,743 thousand in Full Year 2024 .</li><li>Pre-tax Margin: Full Year 2025 pre-tax margin was 13.5%, consistent with 13.5% in Full Year 2024 .</li></ul><h5>Mortgage Origination Segment</h5><ul><li>Net Interest Income (Expense): Q4 2025 saw - $2,184 thousand, compared to - $3,627 thousand in Q4 2024. Full Year 2025 net interest expense was - $7,934 thousand, compared to - $16,867 thousand in Full Year 2024 .</li><li>Noninterest Income: $76,245 thousand in Q4 2025, up from $73,740 thousand in Q4 2024, including a 3.4% increase in net gains from sale of loans and other mortgage production income and mortgage loan origination fees. Full Year 2025 noninterest income was $310,876 thousand, down from $313,229 thousand in Full Year 2024 .</li><li>Noninterest Expense: $79,276 thousand in Q4 2025, down from $80,022 thousand in Q4 2024. Full Year 2025 noninterest expense was $320,463 thousand, down from $330,088 thousand in Full Year 2024 .</li><li>Income (Loss) Before Taxes: A - $5,215 thousand loss was reported in Q4 2025, compared to a - $9,909 thousand loss in Q4 2024. Full Year 2025 loss was - $17,521 thousand, compared to a - $33,726 thousand loss in Full Year 2024, representing a 48% reduction in pre-tax losses .</li><li>Mortgage Loan Originations - Volume: $2,430,355 thousand in Q4 2025, up from $2,253,106 thousand in Q4 2024. Full Year 2025 volume was $8,901,919 thousand, up from $8,616,353 thousand in Full Year 2024 .</li><li>Mortgage Loan Sales - Volume: Full Year 2025 volume was $8,280,059 thousand, up from $8,223,734 thousand in Full Year 2024 .</li><li>Net Gains from Mortgage Loan Sales (as reported basis points): 246 basis points in Q4 2025, up from 221 basis points in Q4 2024. Full Year 2025 gains were 233 basis points, up from 222 basis points in Full Year 2024 .</li></ul><h4>Outlook / Guidance</h4>Hilltop Holdings Inc. acknowledges that external factors such as U.S. Treasury yields, mortgage interest rates, funding costs, inflation, and geopolitical events will influence its financial performance in 2026. Despite these uncertainties, the company intends to focus on delivering sound results and prudently managing capital in 2026 .

Hilltop | 8-K: FY2025 Q4 Revenue: USD 329.89 M